DRREDDY NEWS why is Dr. Reddy's Laboratories Limited price falling or rising

DRREDDY NEWS reasons for why stock price of Dr. Reddy's Laboratories Limited is falling or rising

DRREDDY Dr Reddy is falling or rising technical reasons

Technical analysis forecast of Dr Reddy Stock is that its in a uptrend for shortterm, and I will avoid taking a SHORT or SELL trade in this stock. Look for opportunities to BUY or go LONG in Dr Reddy DRREDDY at this time. Stock is rising and might rise more.

It appears as if Dr Reddy DRREDDY gave a large move recently.

Stock of Dr Reddy (DRREDDY) is trading above an important moving average line, and it has been above this line for quite some time now. This is a good sign, and the stock might keep rising and move higher!

My analysis of Dr Reddy is bullish for shortterm, but trade for tomorrow is selective. Take a BUY trade only if Dr Reddy stays above 6997.2, but if it comes below 6997.2, then a intra day sell could be more profitable.
If you take a sell trade below 6997.2, then use 6997.2 as stoploss and 6929.02 as target. However if you take a buy trade in Dr Reddy, then use 6997.2 as stoploss and 7079.1 as target.

DRREDDY Dr Reddy is falling or rising NEWS fundamental reasons

Company Announcement Dr. Reddy's Laboratories Limited has informed the Exchange regarding Allotment of 10391 Shares. - NEWS as on 2024-08-30

Company Announcement Dr. Reddy's Laboratories Limited has informed the Exchange regarding 'Disclosure under Regulation 30 of SEBI (LODR) Regulations, 2015'. - NEWS as on 2024-08-23

Company Announcement Dr. Reddy's Laboratories Limited has informed the Exchange about Copy of Newspaper Publication - NEWS as on 2024-08-16

Company Announcement - NEWS as on 2024-08-14

Company Announcement Dr. Reddy's Laboratories Limited has informed the Exchange regarding 'Update on the USFDA inspection at the Company s formulations manufacturing facilities (FTO-7 & FTO-9) in Duvvada, Visakhapatnam'. - NEWS as on 2024-08-12

Company Announcement Dr. Reddy's Laboratories Limited has informed the Exchange about Schedule of meet - NEWS as on 2024-08-06

More announcements and NEWS

DRREDDY Dr. Reddy's Laboratories Limited current price & indicator signals

Moving Averages for Dr. Reddy's Laboratories Limited

  • 5Day Average: 6964.82
  • 12Day Average: 6978.68
  • 20Day Average: 6948.16
  • 50Day Average: 6770.16
  • 100Day Average: 6382.61
  • 150Day Average: 6334.44
  • 200Day Average: 6177.47

DRREDDY Indicators & signals

Indicator MACD (12,26,9)

6958.04, 6897.57, 74.04
Indicator MACD is in positive zone

Indicator ADX (14)

26.98, 20.4, 11.73
Indicator ADX is indicating that momentum is weak.
Indicator ADX is showing that momentum is towards buying

Indicator RSI (14)

Current RSI is: 53
Indicator RSI is indicating buying momentum and stock might rise.

Recent prices of DRREDDY Dr. Reddy's Laboratories Limited are as follows: Daily volume is divided by 10 day averaged volume

Date Close Range Change % Volume
30 Fri Aug 2024 7031.35 6938.00 to 7045.00 1.45% 2.07 times
29 Thu Aug 2024 6931.15 6889.10 to 7019.95 0% 1.08 times
29 Thu Aug 2024 6931.15 6889.10 to 7019.95 0% 1.08 times
29 Thu Aug 2024 6931.15 6889.10 to 7019.95 -0.97% 1.08 times
28 Wed Aug 2024 6999.30 6923.00 to 7048.25 0.52% 0.99 times
27 Tue Aug 2024 6962.95 6902.05 to 7006.55 0.28% 1.38 times
26 Mon Aug 2024 6943.30 6899.20 to 6959.95 -0.16% 0.62 times
23 Fri Aug 2024 6954.50 6930.05 to 6990.00 -0.21% 0.43 times
22 Thu Aug 2024 6969.05 6923.20 to 7062.35 -1.32% 1.02 times
21 Wed Aug 2024 7062.45 6965.35 to 7107.45 0% 1.16 times
21 Wed Aug 2024 7062.45 6965.35 to 7107.45 1.39% 1.16 times
20 Tue Aug 2024 6965.35 6900.00 to 6974.20 0.78% 0.45 times

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DRREDDY NEWS why is Dr. Reddy's Laboratories Limited price falling or rising

 

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